Assume you have a home that would cost $265,000 to replace. You currently have the home insured for $235,000. Last night there was a tornado which damaged your home, causing an estimated $35,000 worth of damages. How much will your insurance company pay for repairing the damage to your home?
a. $35,000
b. $43,710
c. $32,550
d. $34,500
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